THIS IS NOT FINANCIAL ADVICE; THIS IS MY JOURNEY. YOU ARE RESPONSIBLE FOR YOUR MONEY.
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Show Cliff Notes:
Value prop for Hive. You don't jerry-rig value props into the main code.
business logic is built on the outside.
Leo is an example of tokenized communities
thousand leos
understanding the value prop of hive
that's like saying eth dapps blowing up don't help eth.
I really a lot of the various visions I hear, for example I like nonamesleft vision for Hive
lots of people have things they want for hive, I propose a series of open debates
Not included in the show:
As a large Hive hodler, we are building 3Speak in a way that it's a positive feedback loop for Hive. Without going into too much detail (that's for Hive Fest :) we will be creating a permanent sink for Hive. This means, if all goes as planned, large amounts of Hive will be removed from circulation, forever.
That is the power of building the tools first and let builders come up with ways to leverage those tools to build amazing products. I value to tools on Hive to a great extent. I know these tools are more powerful with a highly liquid, large market cap token. The largest the market cap the largest the investor can be and investors bring builders. So my mission is to build projects on top of Hive that are not only bullish because of RC consumption, but the very foundation is a black hole for Hive tokens.
▶️ 3Speak
Tokenized communities is the reason why I liked @ned despite all the mismanagement (before he sold out). I don't know if he is the one who came up with that vision but it's pure genius.
I think we should rush in with first layer SMTs for HF25, even if they are very basic and not upgradeable.
Then create a second layer for smart contracts tokens which will be a lot more advanced but will also take very long to develop and mature imo.
The debate will come up soon when blocktrades posts about that but I'm hopeful we won't go for "second layer only" tokens, simply because I believe it will take way too long.
First layer code is done. If we want a few extra smart contracts we can simply add them to the Steemit Inc code without compromising scalability, because a small amount of extra smart contracts is okay on the first layer, as long as it remains limited forever.
For exmaple, SMT inflation is already customizable in Steemit, inc's code. This is a smart contract. We can add a few more simple ones, but let's do it for HF25.
That vision started after seeing what wasn't working happen time and time again. Big names with no comments under their posts, relying on existing stakeholders to establish a revenue stream. That doesn't work, of course, and they end up taking their earned stake and leaving, thinking the platform is broken, or they stick around just to milk rewards out of the system with the same instances of content that can be found in every corner of the internet.
The biggest name in the world can show up to publish content here. If they don't bring any consumers from the outside, they will be no bigger here than that virtual unknown who published their introduceyourself post last week. Of course, if that big name brand has no idea consumers get a better deal and fair shake here, they have no way of knowing how to sell the platform to those who'd prefer to throw their money away supporting that content on other platforms. Without outside consumers it's impossible to create a consistent revenue stream so if someone has thousands of those people on the outside, leaving them there is like starting up a shop but keeping the doors locked.
One big name content creator with a brain could come along, attract paying consumers/stakeholders, then advance to the next level of creating their own community and their own token. One content creator with one massive outside fanbase could instantly make LEO's success seem mediocre at best. That consumer buying power is a force to be reckoned with and when combined with a token minus all instances of irrational crypto investment practices, people will finally get to see the true potential of tokenized communities.
Every day I wake up pissed off that I don't have a large outside following because it would be so much fun just to show people what the fuck I see in all this instead of trying to explain it all a million different ways.
It's going to happen if the bull market continues. I am certain about that. Big names get excited and join when they can see and feel growth, before that it's not worth it.
Most folks don't even know what a bull market is. If big names or anyone shows up because suddenly the value is high, and all they do is snag rewards from existing consumers/stake holders, then when that token value goes down, they will have failed at securing a revenue stream, feel like their content is now worth less, and end up leaving.
What I'm talking about is utilizing the platform to start a business, generating a consistent revenue stream from money that already gets spent elsewhere. I'm talking about moving away from irrational crypto markets and focusing on consumer buying power to create steady demand for the token, rather than depending on speculators who are only interested in flipping tokens for profit then abandoning the project. Consumers are loyal and when you give them an opportunity to stretch their disposable income much further than they've ever been able to before when it comes to entertainment, good things happen.
To beat web 2 we must provide a better experience in all areas.
Here is the comparison that popped into my head. Everyone knows DEXES are the future. I've been shouting about DEXES before uniswap existed. Why didnt early DEXES blow up like uniswap? The answer is simple. Uniswap provided all the same things, No KYC trading on a decentralized platform. HOWEVER, what they did was add a feature to enable liquidity pools, and BAM, overnight people made more money on DEXES than CEXES. And what happened? Uniswap did more volume than Coinbase for the first time ever recently.
How does this translate to Hive? What can Hive offer creators that uniswap was able to offer traders to get them off of centralized sites. They found a way to make the user more money on their platform than they could anywhere else. I'm a realist, this is reality, if you want them to follow your bread crumbs they better be attached to 5 dollar bills.
How Hive does what uniswap does? Easy really, tokenized communities. I've been yelling this from virtual rooftops since I understood the concept. Leofinance proved the concept. Could Leo make as much money with their community on Facebook then Hive? No. What about Twitter? No. Surely that new Parler site! Hell no. They can ONLY DO what they are doing on Hive. That's it, that's the uniswap magic.
What we do know is a sprint to make it easy, flashy, cheap to make these tokenized communities then we go door knocking. Oh too hard? Too bad! I'll make you one for free, no what's your excuse? None. That's how we do it, we bring them kicking and screaming, and then when they are here they are like holy hell, I'm rich now, the end. Or something like that. The point is they ain't leaving once they realize how much money they can make here tokenized their communities.
I totally get it. I proved the concept to myself long before Leo existed. I could follow the exact same path I took here, but do it on Facebook, or create a personal website. I could do the same thing and get nowhere. But as soon I shared the wealth with the community that formed around my work, suddenly my work is seen all over the planet. Every continent. Simple articles getting hundreds of comments, meanwhile there are articles spread all over the internet that have been up for years, hardly a comment to be seen. When my work here reached a value of nearly one third of a million Canadian dollars, there were established writers and artists taking notice. Some even hated me because they spent years going in reverse down that traditional road.
Then things started going downhill. The platform became scammy and shady. Profiteers took over which played a huge role in destroying the consumer base. The organic experience was gone and the platform was turning into the Facebook or self made website experience. We all watched the token value plummet. And now, according to another post, they want to try it again? That steady decline wasn't enough proof centralizing profits into fewer and fewer hands is a disastrous business model? The middleman system here was taking 90% or more at one point! Went from the best deal in entertainment to the worst deal that ever existed in entertainment.
Ah shit... enough ranting. Time to cut them off again....
There isn't enough support by a long mile to get rid of PoB. It's here to stay imo. The fact is, inflation is lowered every block. By the time we are all done bickering about it, the inflation will be so low we will just carry on about our days. Also, the lowering the curation rewards was brought up and entertained, I even played devils advocate agaisnt myself, (i'm for 50/50, always have been always will be) but I like to try to see if I can change my own mind by arguing the point better than those making the argument against what i want.
What I see huge support next is, longer curation window, 2-24 hours (let's debate the length as a community) - flat rewards inside that window some bots can't front-run everyone milking the system. Manual curators will finally, for the first time ever, have an edge over bots. IDK what took us so damn long to get to this idea, have major support for it, and push it into reailty, but here we are. I'm excited.
As soon as curation rewards get lowered, folks begin exploring other avenues for that precious ROI, and content falls to the wayside/becomes neglected. In a few of my old posts I brought up how curation rewards at some point would actually need to be increased. I've always had this vision in my head someday there would be tens of thousands of people consuming and voting, so the token value would be need to be much higher (pushed up in value by consumer driven buying pressure), then many more would be sharing in the curation reward pool therefore a content creator could still make a good payday even on a ten percent cut, while the consumers share in 90. That's imaginary future land though. I imagine 50/50 still works fine with hundreds of thousands of consumers provided they spread it out more over many instances of content, or they simply shoot themselves in the foot and won't earn to their full potential. 50/50 will always ensure this delicate balancing act remains fruitful.
As for the window, I'd probably stand somewhere in the middle at 12. Missing a post over the night doesn't matter, plus it takes about that long to fully charge if the curator isn't voting too much. Anywhere from 2-24 is a huge improvement. Flat curve early on is important. I won't necessarily get my way but I'm a huge proponent of tens of thousands of consumers all with tiny votes. It needs to be possible for the average paying consumer types to start small and grow through curation rewards, comment upvotes, game winnings, and anything else that isn't creating content or being a witness/developer entitled to funding through proposals. That crowd is the last that should be penalized in any way shape or form since they could easily become the glaring majority. This is the game and those are the players.
I'm also thinking about an old idea I had in mind during the bidbot chaos. I felt that system was flawed and useless as a way to promote. So to counter it I started brainstorming an internal ad market. That old post doesn't make much sense now but the guts are still good. I'd just have to rework the idea into something current, utilizing new tools as well like these fancy upcoming recurring payments.
There's so much potential here but it's like building an oldschool wristwatch using guesswork. Everything fits; but how? Then when talks of a part being removed or a new part that doesn't belong (paid votes, etc) are mentioned it's like someone threw a wrench in the works and what once ticked no longer tocks.
12 hours is actually pretty good. I might say something between 9-12 hours possibly. I'll need to take a day and put my poker brain on this and see what it likes. However, so far 9 hours have been sticking pretty well for me. I think BT likes 2-3 hours, for more competition vs curators, but I'm also taking into account the useability of the platform, IE what I would want. I see a lot of posts I like at the 2-12 hour mark, some later of course, and I still vote for them, I believe early curators should get theirs. But user exp is very imp and I love the ability to just "chill n curate" without the need to limit myself. I don't think a 9-12 hour window would fill limited, and those that vote after, which there will be, there will always be a post people want to vote just because it's so damn good, regardless of curation rewards. Having a nice trending pays off in unorthodox ways.
As for ADs, the issue with ADs and no controlling stake holder is, most will want their token to be used to rights. Because no one owns enough Hive to where they can sacrifice those gains to pump the Hive price. Hell I own around 1-2% of the total supply and I believe I'm top 3 in holdings, and I can def see why people who spend the time and energy on building a business or front end will put their token first.
But that's a good thing! Because we CAN build tokens on Hive. Hive-engine was the first and many more are to come. As long as those Hive Tokens rely on RCs, we are bringing back value to Hive. What I want to see, and imwatsi is building something like it, a plug n play ad system for community owners, where communities can split ad rev, or one guy could get it, it's their worlds to do what they wish. To sound exactly like a broken record, we need tokenized communities to bring Hive to the next level, IMO.
Hive for me is a gov token that needs to be spread. It needs to be spread widely, to strong hands. We want as many strong hands with Hive as possible. When the inflation is low in the future, these strong hands are what give a token value, just ask Bitcoiners "Hodlers of last resort" - we are still a baby, and governance is just learning to run after that Sun incident. Hive can def be used in all of the ways you describe, but it'll need help. It'll need help from thousands of niche communities with their own tokens, like Leo, where Leo users earn Leo and Hive. That and Hive is the future part imo.
Steem was trial and error combined with theories that never went anywhere. Was always focused on one direction, getting people hyped up for that direction, then changing directions, rinse and repeat. All talk, some action. From day one it branded itself as an experiment, then continued being an experiment. What was advertised in the brochure was more often than not false advertising. Some of that culture remains.
Hive needs to push steadily in one direction, drop the trial and error experimental nonsense; make it work. Draw a map, get there. Then decide where to go next. Much of what's being presented still only exists in the future. I need to hold it and play with it before certain elements will make sense. I can see but can't see clearly.
I think I powered up another 3500 recently. I used to know exactly what I'd be using it for. These days, not so much. Wondering if I'll be holding in the future or selling in order to transfer funds to a second layer more suited to my personal needs. Or will there be several second layer tokens on the receiving end of these funds. Will I simply hold it and continuously attempt to start from scratch, or possibly keep it in the event of air drops. This might turn into a micromanaging disaster for me and to be honest, I only showed up here long ago with the thought of entertaining people, plus getting paid for it. A simple plan. That's what I miss.
So I've already tried this tokenized community approach. Pumped in a bunch of money into CCC, as the extractors enjoyed 'free money' with no intention of ever using the platform as an opportunity to grow the community to help ensure its future. Eating the seeds instead of planting them. That happens on nearly all platforms where content distribution meets cryptocurrency payment, even beyond Hive's ecosystem. People do not play for an audience, they simply scatter their work in as many places as possible, collect as many dollars, dimes, nickels, pennies as possible. That's the culture that's building around these platforms. Take the money and run.
Hive is lucky many on Steem were attempting to build their platform with their earnings. Some of that culture shifted over into LEO now and we see how well it's doing. So it's not just a matter of creating tokenized communities and that will magically be enough to help Hive as a whole flourish. I picture a lot of hype leading to disappointment. That CCC left a bit of a sour taste in my mouth and I'm not sure I want to take a risk again. Though all is not lost and what's left can still rise from the ashes. I was already in contact with two other art and entertainment communities, hoping everyone could unite, try to make something of a project that looks like it's on the brink of failing. Hasn't been much interest in going that direction and little to no development. In all of history, performers never built the stage they perform on. All communities will require people with skills most don't have. In time things will need to be easy to set up, but not too easy because we'll be flooded with failures along with hype leading nowhere, which is far too common in the crypto world. Plenty of folks will try, experiment, fail. Then some Hive industry standards will take shape, leading to more opportunities to succeed. These bumps in the road though, they have to come first and they'll be rough. Might shake quite a few people off the bus. Just being real with you man.
It's actually super embarrassing how bearish people have gotten on Hive simply due to the floundering price action of late. Even more embarrassing are the LEO guys who think LEO will moon but Hive is doomed. Everything is connected.
Yeah, being on hive gives a good point of view on how the market sentiment changes with price. You clearly see why buying high and selling low is a thing.
When I started blogging, back on Steemit and not so long ago, I didn't understand much about the concept & technology, besides that one can earn some real profit from stuff like visual arts, writing or whatever is able to create ... and the word was out, that is possible to find contacts and the audience to achieve that. It was hard, frustrating at first, It absolutely requested more work than I imagined, more ideas and consistence ... but it was also kind of fun in an engaging way, I could see the thing moving and my power growing. I started with less than basic knowledge of English learned through some video games and now I'm having fun communicating pretty freely in this strange language :D. When the Steemit takeover crisis arrived, I started to learn more about the technology, ideas and what this is all about, and became really passionate now on HIVE.
One Thing that I heard in your video, and is stuck for quite some time in my mind, is - HIVE currently produces tons of great and interesting content, I mean people on HIVE produce it - it can be long until this becomes a widely known fact.
From time to time, I take a look at others platforms that are working on similar ideas, and I publish something there occasionally - and nothing gets even close to what I see here.
So when I publish something here, I'm doing it like I'm managing my own web page ... it has to be the best, or almost the best that I can offer that day ... or it has to be a bit funny, at least ;). When someone from my old Facebook, and real life contacts here in my Croatian, Balkan area, asks me what I'm doing lately - I send them a link to my HIVE posts, this is my official portfolio.
It's a cool place for a portfolio ... and when you publish stuff that you believe in, stuff that you have fun creating without calculating much, people notice it and becomes rewarding for you and the community.
These are my few thoughts and memories about HIVE ... and a little idea that I had today while watching your video - HIVE not just like a storage, but a portfolio and a place to grow, in more than one sense ... although it can be all that and much more, of course.
And yes, it's cool video ... inspirational in a cool way.
Excelent content congratulatios
You tweet?
I thought that was a no no according to Mr Jack and his gang of censors.
heh I caught myself saying retweet. overlord Jack has not approved me to speak on his platform yet, prob not ever at this point.
good to hear you with a normal voice and not Darth Vader :)
Edit: About Infrastructure, I would love to see decency or condenser like a WordPress (CMS) installation. With Smart media tokens, a not super-duper techy like me can onboard for example gamers for a gaming community on hive.
I'm still thinking is it a good idea or not to cut the reward pool of the base token from author/curation and make it just for staking rewards, governance, dao etc.
This if we finally get those other tokens. One reward pool is hard to scale as we all know.
Probably get the tokens out in the next hf and after that in some next hf revisit the reward pool on hive.
Also improvements in the government model... one token, one vote? Something else?
Further down the road reputation enhanced dpos? Time factor in the stake weight? Or something like this.
I shudder each time I hear about Hive token's functionalities being stripped down to barebones.
Every community would then have to start from scratch. All existing communities without a token would be nothing and require a token that may or may not take off, depending on interest, and would most likely struggle. No more safety net for all existing communities and those in the future if their token suddenly tanks. No way to start small and build interest, then advance to the second layer. All or nothing.
That's like removing Bitcoin. Take Bitcoin out of the equation and watch what happens to the rest of the tokens. That main layer is so important. Crucial.
Fair point. A main token as a safety net, starting point, and communities tokens on top of that.
Yo! Thanks for your passion and vision, @theycallmedan. I've watched your last several videos, and love your energy. Also, sincere condolences on the recent passing of your Mom. Your steadiness during this time truly inspires. 💐
I started on Steemit. Missed the Justin Sun drama, entirely. And recently returned as a content creator. I'm so disgusted with all the harmful manipulation on other platforms, that I RAN back here to exercise and enjoy free speech. As a truthful writer and speaker, Hive's censorship-resistance is everything to me. So I was really grateful to be able to easily hop back on my bike, and ride, so to speak. I'm more poet than technologist, but I have deep appreciation for the developers here who created the apps and functions that made re-entry to the new platform possible. (I bumbled along, but found my way!)
I sense a low-ish morale about price, but for some reason, I personally feel extremely unphased by it. Like you, I am more obsessed with the CAPACITY of this blockchain to allow me to live free by circumventing all the evil bullshit in Babylon, and building with like-minded, positive visionaries.
I'm completely migrating off Facebook and Instagram, and am finalizing a post that will invite my (modest) networks to join me here, and will explain why -- as a liberated creator -- I am seeing far beyond current price. I see a large part of my digital destiny being here, because I see how the Hive blockchain can support creativity, inspiration, and even ascension. (I will elaborate on that last statement in a future post.)
I want to build a writing school, and listening lounge here. I want to bring soulful rewards to this ecosystem, because of how it rewarded me years ago. (It fed and sheltered me, despite my crypto-clumsiness.)
I enjoy collaboration more than debate, and hope to partner with a programmer or two who might feel resonance with some of my stated goals. 2021 can be the year of beneficial mash-ups! Your optimism is priceless, and truly appreciated.
Re: your unorthodox video posting schedule... is it connected to the (full) moon? If no one guesses, please still reveal what it is!
Watched the video and enjoyed listening!
This is very important takeaway for me to upgrade my own Twitter game to bring massive long value to HIVE. I need to start reach out to people and make more connections by engaging more with the people who're not part of HIVE.
Feedback for 3Speak:
When I view the text on 3speak it's looks perfect, not so good with hive.blog
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